The Brexiteers deserve at least a couple hurrahs. The European Union created a common economic market throughout the continent, an undoubted good, but since then has focused on becoming a meddling Leviathan like that in Washington, D.C. In the Brexit the good guys won.

The impact of the British vote to exit the European Union will radiate across the continent. Some Eurocrats imagine that dissatisfaction with the EU is a uniquely English phenomenon. It actually is much more because “the EU is undemocratic not by accident, but by design.” Thus, the British are not the only Europeans desiring to escape from the EU’s smothering embrace.

The European story is reaching its climax and no one knows how it is going to end. Greece and the European establishment might yet come to terms and the Euro might stagger along. But this almost certainly is not the Eurozone’s last crisis.